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Whirlpool to shut Norrköping factory

Whirlpool's factory in Norrköping. Photo: Jimmy Calmerberg/Sveriges Radio

American appliance manufacturer Whirlpool is laying off 323 employees, as it closes its factory in Norrköping in central Sweden.

The factory has been producing about 500,000 microwave ovens a year. However, Whirlpool Sweden's CEO Raphael Delrue tells news agency TT that it has now become unprofitable because of price cuts in Europe following the Euro crisis and increased competition from low-wage countries like Turkey, China and Korea as they enter the market.

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